- The 204K square foot warehouse and distribution facility in Morrow, Georgia is 100% leased through December 2019 to a global sourcing company for stainless steel and alloy material.
- The initial cap rate is 7.2%, and annual rent escalations allow for a 7.6% annualized straight-line cap rate.
- NYSE:GPT acquired the property for about $7M in an all-cash deal.
- Source: Press Release